China Dominates Global Banking Rankings with 7 of the World's Top
10 Banks
China’s ‘big four’ banks took the top spots in The Banker’s
latest global ranking, with JPMorgan Chase following in fifth place
·
China's
"Big Four" state-owned banks remain the largest
banks in the world, highlighting Beijing's ambition to become a
global financial powerhouse.
·
According
to The Banker
magazine's latest global ranking:
1.
Industrial
and Commercial Bank of China
2.
China
Construction Bank
3.
Agricultural
Bank of China
4.
Bank
of China
5.
JPMorgan
Chase
·
Seven
Chinese banks
feature among the world's top
10 banks, and all are controlled
by the Chinese government.
·
Postal
Savings Bank of China entered the top
10 for the first time.
·
Other
leading US banks in the ranking include:
o
Bank
of America – 6th
o
Citigroup
– 8th
·
Chinese
banks together hold US$54.8
trillion in total assets, more than double the US$25 trillion held by US
banks.
·
In
terms of profitability:
o
Chinese
banks reported US$392 billion
in combined pre-tax profits.
o
US
banks reported US$328 billion,
but continue to lead in profitability
performance and efficiency.
·
China's
banking expansion supports its broader financial goals, including:
o
Internationalisation of the yuan,
o
Expansion
of cross-border financing,
o
Greater
global banking influence.
·
The
report notes that Chinese banks' international expansion and promotion of the yuan
are expected to be key drivers of future growth and strengthen China's role in the
global financial system.
[ABS News Service/10.07.2026]
China’s “big
four” state-run banks are the largest in the world in terms of asset scale, a new
report has found, underscoring Beijing’s rising ambitions to build the country into
a global financial powerhouse.
The ranking
released by The Banker magazine on Wednesday was topped by the four Chinese banks – Industrial and Commercial Bank of China, China Construction
Bank, Agricultural Bank of China and Bank of China – with JPMorgan Chase following
in fifth place.
In total,
Chinese banks made up seven of the top 10 in the ranking, which lists global banks
in terms of tier-one capital size. All seven of them are controlled by the Chinese
government.
Postal Savings
Bank of China broke into the top 10 for the first time, while US giants Bank of
America and Citigroup ranked sixth and eighth, respectively.
Chinese banks
collectively held US$54.8 trillion in total assets, more than double the US$25 trillion
held by US banks in the ranking, data showed.
However, the
race is not only about size, as US banks continue to hold the advantage in terms
of profitability.
Chinese banks
in the top 1,000 ranking reported combined pre-tax profits of US$392 billion, compared
with US$328 billion for US banks.
The publication
noted that American lenders maintained a clear lead in profitability performance,
while European banks recorded stronger earnings growth after a relatively weak previous
year.
The expansion
of China’s banks is closely linked to Beijing’s broader financial ambitions: increasing the global role of the yuan, developing alternative cross-border financing channels
and extending China’s influence through overseas banking operations.
Silvia Pavoni,
editor-in-chief of The Banker, said Chinese banks’ international expansion and efforts
to promote yuan internationalisation would become increasingly important drivers
of future growth and profitability.
“China’s largest
banks continue to underpin their dominance,” Pavoni said, adding that the scale
and resilience of the country’s banking sector remained significant as the global
economy faced uncertainty and geopolitical challenges.